Nov 3 2014, 09:31 PM
QUOTE(call me random @ Oct 13 2014, 10:21 AM)
1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk. <--- similarly my concern. but i dont have that much to store at banks also.. need to gamble on this 
2. Paper Gold, Buy/Sell spread is high. <---- its not PIDM protected, should u want to liquidate, might have to sell at loss within this 2 yrs. the world has more and more suprises for us. na ah for me. my only saving in banks is in form of investment. need to diversify.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell. <--- refer above.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.
plus for the papergolds, u might want to check hows the procedure to get the pysical form of ur gold. CIMB for example can only allow minimum 100g with a certain fee. some only allowed to be collected at main branch in KL. if thats not an issue for u, then go for it.
but always remember the old wisdom, its not urs until u can hold it.
for me, its always crucial to determine the enter and exit strategy. not just applicable for share market, i dont do stocks. but just anything.
i get the tips from a very old timer Comando. before u get in, must plan the easiest way out.
if i want to buy gold using my spare cash, i must hv a way to get the cash back.
and i go anywhere, i reverse parking the car
(until my straight parking skill so bad because lack of practice lol)
My little experience tells me that If buying gold is just for making money n not as hobby, the best is to buy gold ETFs. 2. Paper Gold, Buy/Sell spread is high. <---- its not PIDM protected, should u want to liquidate, might have to sell at loss within this 2 yrs. the world has more and more suprises for us. na ah for me. my only saving in banks is in form of investment. need to diversify.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell. <--- refer above.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.
plus for the papergolds, u might want to check hows the procedure to get the pysical form of ur gold. CIMB for example can only allow minimum 100g with a certain fee. some only allowed to be collected at main branch in KL. if thats not an issue for u, then go for it.
but always remember the old wisdom, its not urs until u can hold it.
for me, its always crucial to determine the enter and exit strategy. not just applicable for share market, i dont do stocks. but just anything.
i get the tips from a very old timer Comando. before u get in, must plan the easiest way out.
if i want to buy gold using my spare cash, i must hv a way to get the cash back.
and i go anywhere, i reverse parking the car
(until my straight parking skill so bad because lack of practice lol)
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